Futures rise on optimism over economic revival
U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world’s biggest economy has weathered the worst fallout of the coronavirus outbreak.
PG&E plans $5.75 bln equity raise to fund bankruptcy exit
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.
EasyJet CEO says legal case against UK quarantine is strong
Britain’s quarantine plan was rushed into existence, is out of proportion and should be challenged in the courts, according to the head of easyJet which has joined rivals in threatening legal proceedings.
Stocks inch up on quick economic revival hopes
World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week’s U.S. employment data fuelled hopes of a quicker global economic recovery from the coronavirus pandemic.
PG&E expects to raise $5.75 billion from public offerings to fund bankruptcy exit
Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy.
U.S. Fed’s Main Street lending facility likely to start with a whimper
The Federal Reserve’s most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion “Main Street Lending Facility” is meant to help will come cla…
Morgan Stanley flags risk oil price rally will lead to a fall
Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months.
Exclusive: EU has concerns about Fiat, PSA deal, may need concessions – sources
EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA’s combined high market share in small vans and may require concessions to clear their $50 billion merger, people familiar with the matter said.
Ryanair to fly through ‘rubbish’ UK quarantine: O’Leary
Ryanair will not cancel British flights despite Monday’s start of what the boss of Europe’s biggest budget airline called a “rubbish” 14-day quarantine for international arrivals.
UK luxury brand Mulberry to cut 25% of workforce
British luxury brand Mulberry said on Monday it plans to cut 25% of its global workforce of about 1,500, seeking to reduce its cost base after demand was hit by the coronavirus pandemic.
